That's up to your bank ibmstyle. They can close your account if you no longer meet their acceptance criteria.

If money goes into a personal (or sole trader) bank account, and you owe that bank money, they may in some circumstances have set-off rights.

Your trustee will likely want to see your accounts to calculate your profit and trust deed contributions.

Hi ibmstyle,

As TDA said, it's up to your specific bank if they want to allow you to operate a business account. We would always advise someone to change bank accounts to a bank which you don't have any debt with prior to entering into a Trust Deed. That way, the bank can't use any set-off rights for the money in the account.

When you enter into a Trust Deed, your Trustee works for the benefit of creditors and it's their job to recover what they can within reason i.e. monthly contributions from you. It's not your creditors who would look at the funds in the account but your Trustee along with looking at your accounts to get an idea of your profit to calculate an affordable contribution.

As long as you can demonstrate that you have costs to pay with the money that regularly goes into the account then there won't be any problems.